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54EC time limit please clarify

Ankush (Student) (1329 Points)

06 August 2020

Sale of flat on 4th January 2020

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Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 06 August 2020

In your case you can purchase Notified Capital Gain bond to claim exemption u/s 54EC up to 30th day of September, 2020 or before filing your return u/s 139 (due date 30th November 2020) for F.Y 2019-20, whichever is earlier.

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Ankush (Student) (1329 Points)
Replied 06 August 2020

Can you please share notification for extension

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 06 August 2020

Date for Investment under section 54EC is extended to 30th September, 2020 via Notification No.35 /2020/ F. No. 370142/23/2020-TPL dated. 24th June, 2020

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